RUAG takes space activities from Oerlikon
One year after acquiring Saab Space and its subsidiary Austrian Aerospace, the RUAG technology group is continuing to strengthen its space business by acquiring Oerlikon Space.
Space is a strategic priority of RUAG's corporate strategy. Together with telecommunications and navigation, space is growing in importance in connection with earth observation for security and environmental purposes. After an in-depth examination, the Board of Directors approved the acquisition. RUAG's owner, the Swiss Confederation, is also in favour of the acquisition.
With 650 employees, RUAG Aerospace is now the largest independent space supplier operating from Switzerland, Sweden and Austria. It develops and builds equipment, mechanisms and structures for satellites, launch vehicles and scientific instruments. RUAG Aerospace has already been collaborating successfully with Oerlikon Space for many years, for example on the payload fairings for the Ariane and Atlas rockets.
All 380 employees of Oerlikon Space based in Switzerland will transfer to RUAG after closing of the transaction. Located in Zurich, Switzerland, Oerlikon Space is one of the major suppliers for Payload Fairings in composite technology. Moreover, the company is a European provider of structures, mechanical and electro-optical subsystems for applications in Space. Due to its relatively small size and limited synergies with the Oerlikon core competencies in interface and surface technologies, Oerlikon Space was defined as a non core business in the course of last year.